Bitcoin Forum

Other => Archival => Topic started by: BitcoinEXpress on November 21, 2011, 12:43:56 PM



Title: delete
Post by: BitcoinEXpress on November 21, 2011, 12:43:56 PM
delete


Title: Re: delete
Post by: julz on November 21, 2011, 02:14:11 PM
Quote
..to protect the network from trusted nodes which may be attempting malicious activity.

Damn and blast those untrustworthy trusted nodes!!  ;D


Title: Re: delete
Post by: kjlimo on November 21, 2011, 02:44:34 PM
Can we still try to claim solidcoins that were deposited to mooncoin?  I'm finally getting around to thinking about that... heh  Am I too late?


Title: Re: delete
Post by: FlipPro on November 21, 2011, 04:05:33 PM
Can we still try to claim solidcoins that were deposited to mooncoin?  I'm finally getting around to thinking about that... heh  Am I too late?

It really depends if you are on Coinhunter's good side or bad side.
RS Ahimoth has and will give you the Solidcoins. The money comes from the CPF fund.

Here is the thread
http://solidcointalk.org/topic/217-mooncoin-deposit-address-thread/page__hl__moonco.in__st__100


Title: Re: delete
Post by: makomk on November 21, 2011, 04:16:16 PM
That reminds me - turned out the change RealSolid originally proposed to restrict the size of payments to the CPF from the trusted accounts doesn't actually work. He thought that there weren't any oversize payments in the block chain and that it'd be safe to reject any no matter how old, but there's actually one in Block 34384 (http://blockexplorer.ahimoth.com/Home/BlockDetails?blockNum=34384) and possibly more elsewhere. It's over by less than a SolidCoin, but that's enough to be a bit of a nuisance.

Edit: To be clear, it does stop the payments, it's just that it stops you from downloading the block chain as well. Apparently trusted nodes are running it already, and obviously they already have a copy of the blockchain so it doesn't affect them unless something else goes wrong.


Title: Re: delete
Post by: PatrickHarnett on November 21, 2011, 11:56:47 PM
what's to stop anyone adding the magic line to their conf file?  Presumably you have to ask sweetly for the information.


Title: Re: delete
Post by: FlipPro on November 22, 2011, 05:33:55 AM
what's to stop anyone adding the magic line to their conf file?  Presumably you have to ask sweetly for the information.
1 million Solidcoins.


Title: Re: delete
Post by: kano on November 22, 2011, 06:52:18 AM
what's to stop anyone adding the magic line to their conf file?  Presumably you have to ask sweetly for the information.
1 million Solidcoins.
And then sell it to a 10 people for 200k and make a tidy profit?


Title: Re: delete
Post by: FlipPro on November 22, 2011, 07:01:29 AM
what's to stop anyone adding the magic line to their conf file?  Presumably you have to ask sweetly for the information.
1 million Solidcoins.
And then sell it to a 10 people for 200k and make a tidy profit?
Well it's impossible for someone to buyout 1 million Solidcoins, without driving the price up, increasing the miner production, thus increasing supply and creating even more millionaires in the process. Right now there is under 2 mil "spendable" coins in existence. Trying to buy those 2 million coins would cause a market frenzy, increasing mining production, and increasing the inflationary rate of the coins.

I really don't think you along with many people here have a fundamental understanding of what Solidcoin aims to be, and why it's an awesome alt currency. There has been alot of stupid decisions made by RS from a marketing/public relations perspective. Me and other people in the community were very vocal about this, and many of the problems of "total RS control" are being fixed.


Title: Re: delete
Post by: k9quaint on November 22, 2011, 07:45:25 AM
what's to stop anyone adding the magic line to their conf file?  Presumably you have to ask sweetly for the information.
1 million Solidcoins.
And then sell it to a 10 people for 200k and make a tidy profit?
Well it's impossible for someone to buyout 1 million Solidcoins, without driving the price up, increasing the miner production, thus increasing supply and creating even more millionaires in the process. Right now there is under 2 mil "spendable" coins in existence. Trying to buy those 2 million coins would cause a market frenzy, increasing mining production, and increasing the inflationary rate of the coins.

I really don't think you along with many people here have a fundamental understanding of what Solidcoin aims to be, and why it's an awesome alt currency. There has been alot of stupid decisions made by RS from a marketing/public relations perspective. Me and other people in the community were very vocal about this, and many of the problems of "total RS control" are being fixed.

Someone could pay RS for 1 million coins. Again.
I don't see how that would move the price up.


Title: Re: delete
Post by: Spacy on November 22, 2011, 10:02:59 AM
...if...

Just do it and buy 1M of SC and proof it, or your "guarantee" is useless :D


Title: Re: delete
Post by: CoinHunter on November 22, 2011, 10:46:57 AM
So BitcoinExpress tells people he has 800,000 SolidCoins, that he had 400 AWS instances mining at SolidCoin 2 start and was 51% attacking it (before he knew the trusted node mechanism), that he has 2 million BTC, that he's a woman, that he can control google search engine results, that he's a programmer (but now he isn't anymore), that he knows Bill Gates, knew Steve Jobs and that he's a millionaire.

At what point does any reasonable person start to realize this guy likes to tell a fib or two? :)

Check out :- http://www.solidtools.net/

It has all the account info, how many transactions have gone into and from the CPF, and a variety of other information relating to your own SolidCoin addresses, created by one of many SolidCoin supporters. Everyone can see the trust accounts haven't been spent because the blockchain tells you, the code tells you how it can operate. It's not a secret, the source code is available for all to read and many already have.


Title: Re: delete
Post by: Kolbas on November 22, 2011, 11:45:08 AM
CoinHunter, they hate you not because they think you may become a scammer and Solidcoin is "a personal wealth maker for RS". They don't have serious grounds to say that, maybe you're the most honest and altruistic man on Earth, who knows. They hate you for ideological reasons, because you betrayed the idea of absolutely uncontrollable cryptocurrency. So Solidcoin needs a new philosophy. It must be a step forward comparing to Bitcoin.


Title: Re: delete
Post by: CoinHunter on November 22, 2011, 11:55:09 AM
So BitcoinExpress tells people he has 800,000 SolidCoins, that he had 400 AWS instances mining at SolidCoin 2 start and was 51% attacking it (before he knew the trusted node mechanism), that he has 2 million BTC, that he's a woman, that he can control google search engine results, that he's a programmer (but now he isn't anymore), that he knows Bill Gates, knew Steve Jobs and that he's a millionaire.

At what point does any reasonable person start to realize this guy likes to tell a fib or two? :)

Check out :- http://www.solidtools.net/

It has all the account info, how many transactions have gone into and from the CPF, and a variety of other information relating to your own SolidCoin addresses, created by one of many SolidCoin supporters. Everyone can see the trust accounts haven't been spent because the blockchain tells you, the code tells you how it can operate. It's not a secret, the source code is available for all to read and many already have.


I can always tell when I hit a nerve with CH. Did you notice that in the quote by FlipPro, a Solidcoin Forum Mod and Staff member that you are called a PR mistake and it is established that a group of your inner circle isn't really pleased with your leadership and looking to ditch you?

FWIW I agree you haven't spent any of the trusted nodes funding....YET.

Maybe because it is worth next to nothing and the market depth looks like a puddle compared to the Bitcoin ocean. I noticed you simply said you haven't spent and didn't say cannot spend. No one outside your little cult believes you anyway on that.

Here's another put up or STFU moment for you. Just like the last three or four you will leave this one unanswered.

I wil put up 50,000 BTC against 2 Million of your SC 2.0 in trusted escrow. If I can't move more than 500,000 SC2 in the block explorer as well as sending to a trusted party, you can keep the 50,000 BTC. If I can, I get to keep the 2 Million supposedly unspendable SC2.

Put up or STFU. You have been called out.



There has been alot of stupid decisions made by RS from a marketing/public relations perspective. Me and other people in the community were very vocal about this, and many of the problems of "total RS control" are being fixed.

Even your own people are seeing you for what you are.

I don't see anything wrong with people criticizing me on things I've done, is that really a big deal to be criticized? Hopefully any reasonable person takes on whatever people are criticizing if it's worthwhile and grow from it. Other times the person criticizing isn't doing it from the most educated position and will grow themselves.

As much as I'd like to call you out on your "I have 800000 solidcoins" both you and I know I don't have 2 million SolidCoins to put in escrow. So how would it be done exactly? You expect me to have 80% of all SolidCoins created? Wouldn't that mean you don't have 800000 SolidCoins if that was the case? That's a big LOL up there with your "I'm going to kill SolidCoin off google" post. There's at least 50 people that have more SolidCoins than I do.

How about you just move the coins and show us, nothing is going to happen to your coins if you do have them, print this post if you're worried about it. Anyone that has legitimate coins will have no fears in SolidCoin, even if I or some other developer doesn't like you. It's a part of our constitution.


Title: Re: delete
Post by: CoinHunter on November 22, 2011, 12:26:37 PM
Wow a totally different tone from your usual arrogant bastard mode of operation. Your people are doing more than just disagreeing with you, they are naming you as the number one problem with Solidcoin.

I knew you wouldn't take on the challenge as you are well aware that someone, maybe me has a huge wallet of SC2. I'm telling you right now I am building up a wallet to a million SC2 and anticipate on being there in the next 2-3 months on the outside. At that time I will totally debunk the statement that anyone can be a trusted node.

After that I will use it to totally devastate the SC market for a long time. A million SC will provide a lot of market crashes LOL...

Firstly they are not "my people", we are all the same people working towards a common goal. There is a secession plan in place already for me. Unfortunately I don't have unlimited time to devote to every project that I'm interested in and I've already given 5 months of my life to SolidCoin.

I do know the largest SolidCoin holder, unfortunately it isn't you. Or I guess it could be you, provided you just move what you have to show us how rich you are.

But I'm guessing you never actually want to prove you are wealthy in SolidCoin, just imply it for some sort of social engineering reason. "OooOoo watchout or the spooky Bitcoinexpress will crash the market with his fake million coins OoOooo" . :)

Provided you run your trusted node in the interests of the chain you can take a place producing those blocks once you get a million coins, like anyone else can. However if you're implying you want to be malicious it's actually going to take you even longer to get the ~12 million coins needed to do that, and 50% of the network power. There is a reason people are investing in SolidCoin over other p2p currencies, it's actually much more secure. And as unlikely as it is that you do have 800000 coins, there is a reason you would have that if you're a smart businessman, you know what will be the leading online currency going forward.


Title: Re: delete
Post by: kano on November 22, 2011, 12:34:23 PM
... definitely NOT SC2 ...


Title: Re: delete
Post by: makomk on November 22, 2011, 12:40:34 PM
I do know the largest SolidCoin holder, unfortunately it isn't you. Or I guess it could be you, provided you just move what you have to show us how rich you are.

But I'm guessing you never actually want to prove you are wealthy in SolidCoin, just imply it for some sort of social engineering reason. "OooOoo watchout or the spooky Bitcoinexpress will crash the market with his fake million coins OoOooo" . :)
Surely it'd be a huge tactical mistake for BitcoinEXpress to show her SolidCoin wealth prior to reaching well over a million coins if she is doing what she claims, because then you could take action to counter her? I generally reckon that it'd be safer for anyone intending to make themselves a trusted node in this way to present it as a fait accompli in order to deter the other trusted nodes from throwing obstacles in their way.


Title: Re: delete
Post by: kano on November 22, 2011, 12:45:15 PM
I do know the largest SolidCoin holder, unfortunately it isn't you. Or I guess it could be you, provided you just move what you have to show us how rich you are.

But I'm guessing you never actually want to prove you are wealthy in SolidCoin, just imply it for some sort of social engineering reason. "OooOoo watchout or the spooky Bitcoinexpress will crash the market with his fake million coins OoOooo" . :)
Surely it'd be a huge tactical mistake for BitcoinEXpress to show her SolidCoin wealth prior to reaching well over a million coins if she is doing what she claims, because then you could take action to counter her? I generally reckon that it'd be safer for anyone intending to make themselves a trusted node in this way to present it as a fait accompli in order to deter the other trusted nodes from throwing obstacles in their way.
... and there you see one of the MAIN reason's why anyone would be an absolute fool to risk any value in SC2 whatsoever.

There is a person there who can fuck with your money for whatever reason he feels like and has already done that in the past.

But the world is full of morons who believe all sorts of crap (take religion as the best example) and thus there will always be some sucker foolinsh enough to believe this scammer.


Title: Re: delete
Post by: Spacy on November 22, 2011, 01:03:06 PM
I knew you wouldn't take on the challenge as you are well aware that someone, maybe me has a huge wallet of SC2. I'm telling you right now I am building up a wallet to a million SC2 and anticipate on being there in the next 2-3 months on the outside. At that time I will totally debunk the statement that anyone can be a trusted node.

After that I will use it to totally devastate the SC market for a long time. A million SC will provide a lot of market crashes LOL...

We heared that multiple times in the past from you. But the promised SC2 crash or network death didn't happen. I think we all will be very disappointed (again) when your predictions predictions/promises won't happen  :'(


Title: Re: delete
Post by: CoinHunter on November 22, 2011, 01:04:48 PM
I do know the largest SolidCoin holder, unfortunately it isn't you. Or I guess it could be you, provided you just move what you have to show us how rich you are.

But I'm guessing you never actually want to prove you are wealthy in SolidCoin, just imply it for some sort of social engineering reason. "OooOoo watchout or the spooky Bitcoinexpress will crash the market with his fake million coins OoOooo" . :)
Surely it'd be a huge tactical mistake for BitcoinEXpress to show her SolidCoin wealth prior to reaching well over a million coins if she is doing what she claims, because then you could take action to counter her? I generally reckon that it'd be safer for anyone intending to make themselves a trusted node in this way to present it as a fait accompli in order to deter the other trusted nodes from throwing obstacles in their way.

Of course any excuse can be invented for why he doesn't need to "Show the SC". Anything to cover the truth which is he doesn't have them. You don't think he could upset more people by showing he has as much as he says, or getting his "coins taken off him" by the evil mastermind (ie me) ? Seriously?

But like I said, any attacker will soon need over 12 million (up from the current 1.2 million) to do anything malicious (only 2.6 million minted currently), and they will also need half of the mining power. Good luck to them.


Anyone can do a Bitcoinexpress if they want.

"I have 6 million Bitcoins I will put them in escrow, if you do <something impossible> you can have them"
"I know important people"
"I control google search engine results"
"You seriously don't know how powerful I am"
"I just PMd your friends on facebook, you got doxed bro"
"I'm so important I created this alter ego called Lanie Grace to troll fans of an unpopular TV series called Terminator: The Sarah Connor Chronicles"
"I know SEO, it's like Karate for the internet"

What? You don't believe me? Booooo why not?


Title: Re: delete
Post by: CoinHunter on November 22, 2011, 01:48:28 PM
You don't know who it is, but you know there is one and they have no interest in communicating with you. I noticed it is now, not an impossibility for me to have that many SC, just highly unlikely. What has softened your stance on that in the past few days... ;D

Again don't really know what you are trying to imply there, is there some big secret conspiracy I should be aware of I'm not?

Of course it's possible for you or anyone to have 800,000 SolidCoins. There is 2.6 million minted, and 800,000 is less than 2.6 million.

The largest holder I know of I talk with regularly so again I'm not sure what you're trying to say. You always try to speak in these "sly ways" trying to imply these big secret things are going on in your world, like you're a spy of mystery or something. Is your life that dull you need to invent this sort of stuff?

If you truly cared about Solidcoin and wanted to see it succeed, you would immediately turn over all the source code to people like Ahimoth, Viperjbm, sp0tter or BrightSky and walk away. There are a lot people with superior Dev Skills, clearer Vision and better PR abilities in the SC Community than you. You are the number 1 problem with Solidcoin (again, all of the previous are you own people's words)

Haha, all source code is turned over, the only thing which isn't are the private keys to the CPF and some of the trusted accounts.

Unfortunately none of those people you mention (except sp0tter, which I have no idea why you threw that name in there) want to take my "Role" or if they did, they don't have the time for it. But if you want you can keep field testing viable replacements for me if you want. Like I said from the start of SC2, I'm not going to be "Leading" forever, it's not something I want to do and it shouldn't be done by just one person. It's just the way it is right now.

I still don't know what harm can be done to you by showing you have 800,000 SolidCoins like you have claimed though, if anything it would give you a greater say in SolidCoin things don't you think? People would actually say, "hey, bitcoinexpress isn't lying about having SolidCoins like everyone thought" Yet you don't want to prove it and everyone keeps thinking you are a liar, quite odd really.

Did you know I have 3 million bitcoins?


Title: Re: delete
Post by: DeathAndTaxes on November 22, 2011, 07:06:02 PM
Me and other people in the community were very vocal about this, and many of the problems of "total RS control" are being fixed.

How are any of the problems fixed.
* Source code is still a restricted closed license.
* Source code is still stolen from Bitcoin and uses stolen Oracle database.
* One person controls the control nodes.
* One person has private keys to all control nodes (even if they later were transferred to another person it would be meaningless)
* One person decided to change generation rate and ensure there will never be any other millionaire in the near future.
* One person can make any change to the network he wants.

Yeah everything "solved" folks.


Title: Re: delete
Post by: DeathAndTaxes on November 22, 2011, 07:10:44 PM
Surely it'd be a huge tactical mistake for BitcoinEXpress to show her SolidCoin wealth prior to reaching well over a million coins if she is doing what she claims, because then you could take action to counter her? I generally reckon that it'd be safer for anyone intending to make themselves a trusted node in this way to present it as a fait accompli in order to deter the other trusted nodes from throwing obstacles in their way.

It wouldn't matter.  King RealScam controls 12M SC in control node accounts.  He gets double what is taken from them back via the King's tax. 

A 1M SC node would simply be voted by the 12M SC owned by King RealScam.  That dynamic is never changing.  This is a restricted license, centrally controlled playground for King & company.  Sure it "solves" the 51% problem.  Hell VISA solved that problem a long time ago.


Title: Re: delete
Post by: Clipse on November 22, 2011, 07:28:26 PM
If I could be multiple flies I would sure as shit think deathandtaxes and bitcoinexpress is the same pmsing mongtroll.

If anyone still take bitcoinexpress seriously after this thread(cant fking believe why they would before it) then it just shows why bitcoin value is popping to shit since there has to be a bunch of retarded fkheads killing the price cause its "LOLFUNNYWAHAHA" to do it.


Title: Re: delete
Post by: bulanula on November 22, 2011, 07:34:14 PM
If I could be multiple flies I would sure as shit think deathandtaxes and bitcoinexpress is the same pmsing mongtroll.

If anyone still take bitcoinexpress seriously after this thread(cant fking believe why they would before it) then it just shows why bitcoin value is popping to shit since there has to be a bunch of retarded fkheads killing the price cause its "LOLFUNNYWAHAHA" to do it.

Indeed. The amount of PR BCX and D&T generate for SolidCoin is greater than even if RS paid them to do it. They might all be the same person. Anything is possible. Their little dog fights bring huge popularity to SC.


Title: Re: delete
Post by: makomk on November 22, 2011, 08:06:57 PM
It wouldn't matter.  King RealScam controls 12M SC in control node accounts.  He gets double what is taken from them back via the King's tax. 

A 1M SC node would simply be voted by the 12M SC owned by King RealScam.  That dynamic is never changing.  This is a restricted license, centrally controlled playground for King & company.  Sure it "solves" the 51% problem.  Hell VISA solved that problem a long time ago.
I'm kinda curious how he's going to implement this voting feature actually. There are some clever ideas out there on the forum already, including some from Bitcoin developers, but I'm not sure there's an easy way to get from here to there.

If anyone still take bitcoinexpress seriously after this thread(cant fking believe why they would before it) then it just shows why bitcoin value is popping to shit since there has to be a bunch of retarded fkheads killing the price cause its "LOLFUNNYWAHAHA" to do it.
Solidcoin's price is amazingly quite stable against bitcoins from what I've seen - they rise and fall more or less together.


Title: Re: delete
Post by: k9quaint on November 23, 2011, 03:19:13 AM
If I could be multiple flies I would sure as shit think deathandtaxes and bitcoinexpress is the same pmsing mongtroll.

If anyone still take bitcoinexpress seriously after this thread(cant fking believe why they would before it) then it just shows why bitcoin value is popping to shit since there has to be a bunch of retarded fkheads killing the price cause its "LOLFUNNYWAHAHA" to do it.

A poster child for Solidcoin supporters?

 ::)

Since RS controls the control nodes and the control nodes control the block chain and the block chain controls the currency, RS controls the currency. At a whim, he could undo transactions and lock wallet addresses out of the system. Even if RS was the most altruistic and trusted saint mankind has ever known, the person who hacks his Windows computer might not be. That person would have full control over the entire system.

When one man controls a currency, it can end up like this:
http://www.southafrica.to/transport/Airlines/cheapest-flight-survey/2009/Zimbabwe-currency.jpg


Title: Re: delete
Post by: Spacy on November 23, 2011, 06:22:58 AM
Since RS controls the control nodes and the control nodes control the block chain and the block chain controls the currency, RS controls the currency. At a whim, he could undo transactions and lock wallet addresses out of the system.

He's already proven that.

You can "undo" transaction in EVERY cryptocurrency by overwriting a block by remining it, nothing new here. But how would to lock out a wallet?  No proof? That's your usual way, accusations and then post some excuse or "It has alreay been proven.", but no facts ;D


Title: Re: delete
Post by: freequant on November 23, 2011, 08:32:48 AM
If you're a smart businessman, you know what will be the leading online currency going forward.
Wait.. What do Litecoin and Bitcoin have to do with this story?


Title: Re: delete
Post by: Raoul Duke on November 23, 2011, 09:31:00 AM
If you're a smart businessman, you know what will be the leading online currency going forward.
Wait.. What does Litecoin and Bitcoin have to do with this story?

FTFY

Litecoin! FFS...


Title: Re: delete
Post by: CoinHunter on November 23, 2011, 09:39:39 AM
Since RS controls the control nodes and the control nodes control the block chain and the block chain controls the currency, RS controls the currency. At a whim, he could undo transactions and lock wallet addresses out of the system.

He's already proven that.

You can "undo" transaction in EVERY cryptocurrency by overwriting a block by remining it, nothing new here.

Wait what... you expect these guys to even know how Bitcoin works? Let alone SolidCoin which is even more complicated? Come on, too much credit :P


Title: Re: delete
Post by: luv2drnkbr on November 23, 2011, 12:43:05 PM
Quote from: Solidcoin wiki
This concept allows SolidCoin to be protected against 51% mining attacks, in fact, even if 99% of the network is malicious, they cannot do anything but slightly delay the rate transactions are accepted.

I know a group of people in New York who would say that if 99% have no power, it's not really a fair system.


Title: Re: delete
Post by: bulanula on November 23, 2011, 02:17:29 PM
I love how easy is to jerk the chains of Coinhunter. With a couple of post I brought most his personalities out on one page. In this thread we have heard from Coinhunter, Spacy, Psytard, Bulanula and FlipPro.

Now all I need to complete this collection of inbreds is for Viper Lemon Bitch and Clipse to drop by.



You really must be a woman : your short term memory sucks.

I thought we already established that I am no longer a SC fanboy  ;) ?


Title: Re: delete
Post by: k9quaint on November 23, 2011, 04:13:06 PM
Since RS controls the control nodes and the control nodes control the block chain and the block chain controls the currency, RS controls the currency. At a whim, he could undo transactions and lock wallet addresses out of the system.

He's already proven that.

You can "undo" transaction in EVERY cryptocurrency by overwriting a block by remining it, nothing new here.
The new part is that a single person can. Whoever hacks into their box would also have absolute power over Solidcoin, so it won't be one person forever.

But how would to lock out a wallet?  No proof? That's your usual way, accusations and then post some excuse or "It has alreay been proven.", but no facts ;D
It is been made abundantly clear that you can neither read code, nor write it. So hush up while the adults talk.
The simplest way to lock a given wallet out of the currency would be to have the control nodes overwrite every block with a transaction to or from that wallet address, thus preventing it from spending, receiving or mining. Those actions can be taken in piecemeal or in concert.


Title: Re: delete
Post by: PatrickHarnett on November 23, 2011, 07:57:07 PM
I love how easy is to jerk the chains of Coinhunter. With a couple of post I brought most his personalities out on one page. In this thread we have heard from Coinhunter, Spacy, Psytard, Bulanula and FlipPro.

Now all I need to complete this collection of inbreds is for Viper Lemon Bitch and Clipse to drop by.



You really must be a woman : your short term memory sucks.

I thought we already established that I am no longer a SC fanboy  ;) ?

Well, maybe there was a long weekend.  and Clipse appears on page two (and got quoted).


Title: Re: delete
Post by: dayfall on November 24, 2011, 08:46:10 PM
Quote
A trusted node in SolidCoin is a node which has a significant amount of SolidCoins (at least one million) in a special account. This account is used to "sign" a trusted transaction block to say that this person with a lot invested in SolidCoin agrees with the previous block.

But the 10 accounts that have 1.2M coins have unspendable coins.  There is no investment.  Nothing to lose (other than control).  If there ever was another account that had 1M coins that were actually spendable, then that huge investment is dwarfed by the out-of-thin-air coins.  So, SC's reasoning doesn't make sense.  By allowing these fake coins to make a node trusted, he has broken his own system.


Title: Re: delete
Post by: k9quaint on November 24, 2011, 09:09:55 PM
Quote
A trusted node in SolidCoin is a node which has a significant amount of SolidCoins (at least one million) in a special account. This account is used to "sign" a trusted transaction block to say that this person with a lot invested in SolidCoin agrees with the previous block.

But the 10 accounts that have 1.2M coins have unspendable coins.  There is no investment.  Nothing to lose (other than control).  If there ever was another account that had 1M coins that were actually spendable, then that huge investment is dwarfed by the out-of-thin-air coins.  So, SC's reasoning doesn't make sense.  By allowing these fake coins to make a node trusted, he has broken his own system.


Don't forget the fact that these 10 accounts are controlled by a single entity (RS). The coins that back them are only "unspendable" for the moment, that could change with any release of new code. In fact, there is no way the peasant nodes of Solidcoin can enforce any rules on the control nodes or the block chain.

The only question is, will the value of a Solidcoin reach the point where RS decides to monetize the control coins?


Title: Re: delete
Post by: bulanula on November 24, 2011, 09:22:39 PM
I love how easy is to jerk the chains of Coinhunter. With a couple of post I brought most his personalities out on one page. In this thread we have heard from Coinhunter, Spacy, Psytard, Bulanula and FlipPro.

Now all I need to complete this collection of inbreds is for Viper Lemon Bitch and Clipse to drop by.



You really must be a woman : your short term memory sucks.

I thought we already established that I am no longer a SC fanboy  ;) ?

Well, maybe there was a long weekend.  and Clipse appears on page two (and got quoted).


Guess I over looked Clipse and YES he is that meaningless.

Still waiting to get doxxed BCX ::).


Title: Re: delete
Post by: Starlightbreaker on November 25, 2011, 06:15:34 AM
I love how easy is to jerk the chains of Coinhunter. With a couple of post I brought most his personalities out on one page. In this thread we have heard from Coinhunter, Spacy, Psytard, Bulanula and FlipPro.

Now all I need to complete this collection of inbreds is for Viper Lemon Bitch and Clipse to drop by.



You really must be a woman : your short term memory sucks.

I thought we already established that I am no longer a SC fanboy  ;) ?

Well, maybe there was a long weekend.  and Clipse appears on page two (and got quoted).


Guess I over looked Clipse and YES he is that meaningless.

Still waiting to get doxxed BCX ::).
waiting her to dox you?

don't hold your breath, lol.


Title: Re: delete
Post by: makomk on November 25, 2011, 11:27:17 AM
Don't forget the fact that these 10 accounts are controlled by a single entity (RS). The coins that back them are only "unspendable" for the moment, that could change with any release of new code. In fact, there is no way the peasant nodes of Solidcoin can enforce any rules on the control nodes or the block chain.
Worse, it's actually the other way around - until new code is released, the ~12 million coins in those accounts are not in fact "unspendable" at all. The current trusted nodes should reject any attempts to spend them, but RS or anyone else that gets control of those 10 accounts can set up their own trusted nodes that will approve this and the rest of the nodes should go along with it.

Edit: Of course even once this is changed it can be changed back again in a future release.


Title: Re: delete
Post by: k9quaint on November 25, 2011, 05:26:57 PM
Don't forget the fact that these 10 accounts are controlled by a single entity (RS). The coins that back them are only "unspendable" for the moment, that could change with any release of new code. In fact, there is no way the peasant nodes of Solidcoin can enforce any rules on the control nodes or the block chain.
Worse, it's actually the other way around - until new code is released, the ~12 million coins in those accounts are not in fact "unspendable" at all. The current trusted nodes should reject any attempts to spend them, but RS or anyone else that gets control of those 10 accounts can set up their own trusted nodes that will approve this and the rest of the nodes should go along with it.

Edit: Of course even once this is changed it can be changed back again in a future release.

You are assuming the control nodes run the public client. I doubt any code changes need to be made at all.


Title: Re: delete
Post by: makomk on November 25, 2011, 05:41:05 PM
You are assuming the control nodes run the public client. I doubt any code changes need to be made at all.
Actually, I'm assuming the trusted nodes aren't running the publicly-released source because that's what RealSolid said; if they were, then they'd be just as happy to let him convert the entire 12 million SC trustfund balances into spendable coins as any other node.


Title: Re: delete
Post by: Spacy on November 25, 2011, 06:20:38 PM
You are assuming the control nodes run the public client. I doubt any code changes need to be made at all.
Actually, I'm assuming the trusted nodes aren't running the publicly-released source because that's what RealSolid said; if they were, then they'd be just as happy to let him convert the entire 12 million SC trustfund balances into spendable coins as any other node.

Because they already run new code with the amount restriction in it? A new version will be released, then everybody has the fix.


Title: Re: delete
Post by: DeathAndTaxes on November 25, 2011, 06:56:51 PM
You are assuming the control nodes run the public client. I doubt any code changes need to be made at all.
Actually, I'm assuming the trusted nodes aren't running the publicly-released source because that's what RealSolid said; if they were, then they'd be just as happy to let him convert the entire 12 million SC trustfund balances into spendable coins as any other node.

Because they already run new code with the amount restriction in it? A new version will be released, then everybody has the fix.

You know this how?


Title: Re: delete
Post by: coblee on November 25, 2011, 08:02:42 PM
You are assuming the control nodes run the public client. I doubt any code changes need to be made at all.
Actually, I'm assuming the trusted nodes aren't running the publicly-released source because that's what RealSolid said; if they were, then they'd be just as happy to let him convert the entire 12 million SC trustfund balances into spendable coins as any other node.

Because they already run new code with the amount restriction in it? A new version will be released, then everybody has the fix.

You found a critical bug in the source code? No worries, it's already fixed in the trusted node code. RealSolid just didn't have time to release the actual source yet. And by the way, the trusted nodes are also running code that has all bugs and exploits fixed... even the ones that have not been found yet.

I fully trust RealSolid. Don't you?


Title: Re: delete
Post by: k9quaint on November 25, 2011, 08:30:46 PM
You are assuming the control nodes run the public client. I doubt any code changes need to be made at all.
Actually, I'm assuming the trusted nodes aren't running the publicly-released source because that's what RealSolid said; if they were, then they'd be just as happy to let him convert the entire 12 million SC trustfund balances into spendable coins as any other node.

Because they already run new code with the amount restriction in it? A new version will be released, then everybody has the fix.

You found a critical bug in the source code? No worries, it's already fixed in the trusted node code. RealSolid just didn't have time to release the actual source yet. And by the way, the trusted nodes are also running code that has all bugs and exploits fixed... even the ones that have not been found yet.

I fully trust RealSolid. Don't you?

Well, the 12 million being spendable isn't actually a bug since RS runs the control nodes and he wants to be able to spend it at some point. The bug was people finding out about them being spendable, and that is why we don't need source for the "fix". We just have to "believe".  ;D